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The ATM limit facility allows you to withdraw funds taking the balance up to your original loan amount. This limit is subject to approval.
The amount available to transfer from the home loan account will be the difference between the balance and the ATM limit. The ATM limit may never exceed the approved loan amount.
The ATM link facility allows you to withdraw excess funds (amounts over and above the monthly installments) deposited into your home loan account. You can also make balance enquiries via AutoBank and AutoPlus ATMs - or online using internet banking.
There is no limit on the number or value of deposits or transfers you may make into the account available. Funds from the home loan account can only be transferred to another linked Standard Bank account electronically - using ATMs or the internet.
The facility will be suspended under the following circumstances: